Is Springfield, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Springfield has remained a Seller's Market.
Housing Prices in Springfield, GA
How much do homes in Springfield, GA cost?
Median Sold Price
$260,500
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Springfield was $260,500 in May 2024, up 2.4% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $162K | $190K | +17.3% |
2 Bedrooms | $190K | - | N/A |
3 Bedrooms | $240K | $253K | +5.4% |
4 Bedrooms | $282K | $295.5K | +4.8% |
5+ Bedrooms | $475K | $357.5K | -24.7% |
Summary: Springfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes did not change, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 24.7%.
Median Sold Price Compared To Nearby Cities
Guyton-Springfield | $293.5K | $346.8K | +18.2% |
Springfield | $254.4K | $260.5K | +2.4% |
Housing Supply in Springfield, GA
How many homes are available in Springfield, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 40 | +42.9% |
Summary: The Springfield real estate market had 40 homes for sale in May 2024, a 42.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 16 | 23 | +43.8% |
4 Bedrooms | 10 | 13 | +30.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Springfield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 43.8%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 10 | +400.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Springfield in May 2024, up by 400.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 30% were sold at asking, and 40% were sold over asking.
Days on Market for Springfield, GA
How long does it take to sell a home in Springfield, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 8 Days | -82.9% |
Summary: Homes in Springfield had an average of 8 days on market in May 2024, down by 82.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Springfield; 30% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.